Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Mr. Stafford is also on the board of Aware, Inc. (Massachusetts) (former Chairman), Clinical Micro Sensors, Inc., Zipwhip, Inc. and ALTR Solutions, Inc. and Member of Cboe Exchange, Inc. (Illinois) and Member of Chicago Board of Trade. Ronin is owned by John Stafford III and his father, John Stafford Jr. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Leave a memory or share a photo or video below to show your support. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. That figure is approaching 3 percent of all office inventory in the central business district, which would be the highest share of available sublease space CBRE has recorded in 15 years. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. Mr. Stafford is also on the board of Aware, Inc. (Massachusetts) (former Chairman), Clinical Micro Sensors, Inc., Zipwhip, Inc. and ALTR Solutions, Inc. and Member of Cboe Exchange, Inc. 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CANCELLATION view. Ronin Capital formally withdrew its broker registration last month, according to Financial Industry Regulatory Authority records, ending a nearly 19-year run that saw it become one of the biggest names in Chicago proprietary trading. Advanced search Log in Forgot password ? Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Crain's Chicago Business. We visit more than 100 websites daily for financial news (Would YOU do that?). Paul Rowady is the Director of Research for Alphacution Research Conservatory, a research and strategic advisory platform uniquely focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. CME said the firm was unable to meet its capital requirements going forward. OUR PRIORITY. Let others know about your loved one's death. The space includes nine conference rooms and a reception area with a water feature and koi pond, according to a marketing flyer from brokerage Jones Lang LaSalle. [5][6][7] The Registered Agent on file for this company is C T Corporation System and is located at 388 State St Ste 420, Salem, OR 97301. Mr. About John Stafford. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. To entice would-be investors, the company used a nationwide advertising campaign that included radio spots and high-profile messaging on billboards located at the entrance to the Lincoln and Holland Tunnels. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access The firm moved to 350 N. Orleans in 2010, expanding from about 43,000 square feet in the Federal Reserve building at 230 S. LaSalle St. Ronin had as much as $21 billion of trading assets in 2018but fell hard earlier this year as the onset of the COVID-19 pandemic triggered wild stock market volatility. SI-NO CHANGE view. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. $300M+ Equity Capital Deployed. I already receive Alphacution newsletters. The company was involved in proprietary trading operations and venture capital investments. 7+ Years. RONIN CAPITAL, LLC branch. The company's principal address is 230 S . John S. Stafford III serves as Independent Director of the Company. E-mail oureditor When Ronin Capital was forced to shed assets at auction last month, it became the biggest financial industry victim in the U.S. of the deadly coronavirus so far, undercutting its legacy as a. If you opt in above we use this information to send related content. Overview. The position of the CEO is occupied by John S. Stafford. Blackstone, and 3G Capital. Mr. Stafford is also on the board of Aware,. But the company, founded by veteran options trader John Stafford Jr. and his son, John Stafford III, still has at least one long-term commitment to deal with: A 72,000-square-foot lease at 350 N. Orleans St. that runs through June 2028. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. Don't miss Crain's in printright on your screen. Business Leaders. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." Board of Directors. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Ronin Capital is part of the Finance industry, and located in Illinois, United States. Send a note, share a story or upload a photo. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. Your entry has exceeded the maximum character limit. Ronin Capital is a registered broker /dealer with proprietary trading operations in markets such as; equity securities, government bonds, corporate bonds and related derivatives on global exchanges and in electronic markets. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. A visitation for Jack will be held Monday January 23, 2023, from 4 to 8 PM at Mack Memorial Home, 1245 Paterson Plank Road, Secaucus, NJ 07094. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? Big lakefront high-rise in the Gold Coast hits the market after apartment conversion, Two office landlords defaulting may be just the beginning, Sponsored Content: How a business credit card program can grow your business, The Most Powerful Women In Chicago Business. The Dignity Memorial brand name is used to identify a network of licensed funeral, cremation and cemetery providers that include affiliates of Service Corporation International, 1929 Allen Parkway, Houston, Texas. He is a 30-year veteran of the proprietary, quantitative and . If it be now, tis not to come, if it be not to come, it will be now; if it be not now, yet it will come. 27. ). Key People A story not well known outside of Chicago prop trading circles, John S. Stafford, Jr. - the founder of what eventually became known as Ronin Capital in late 2001 - rose to prominence on the floor of the Chicago Board Options Exchange (CBOE) in the 80's and early 90's. The company was involved in proprietary trading . John worked for the Secaucus public school system for many years. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. . The Dignity Memorial brand name is used to identify a network of licensed funeral, cremation and cemetery providers that include affiliates of Service Corporation International, 1929 Allen Parkway, Houston, Texas. Its the very kind of conduct that undermines public confidence in our financial institutions and ultimately in investing, said Acting Bureau of Securities Director Amy G. Kopleton. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign Legendary Ronin Capital Disappears (UPDATED), Thomson Reuters publishes Quantifying the Transformation, Robinhoods Trailing Stop Orders: Extreme Profitability, By Design, Deconstructing Citadel Securities: Overview and Expanded Executive Summary Available for Download, Shape Shifter: US Retail Investor Behavior, Virtus Option Market Making: The Record Year That Wasnt, Alphacution Press: NYT on Sam Bankman-Fried and Jane Street, About Virtus Record Year in Options Market Making. Ronin Capital's office at 350 N. Orleans St. A Chicago trading firm that was crushed at the onset of the COVID-19 pandemic has joined the crowd of tenants trying to sublease downtown office. 2023 SCI SHARED RESOURCES, LLC. He was an avid fan of the Miami Dolphins and the New York Yankees. [8] Stafford Trading was acquired by TD Options in 2001.[3]. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. / Ronin Capital, LLC; Ronin Capital, LLC. No thanks. Ronin Capital is based in Chicago and was formed in 2001 and is a broker dealer with proprietary trading operations encompassing equity, fixed income, and derivative securities. Leave a memory or share a photo or video below to show your support. Products and Services . Background The rules are not complicated: if you are selling securities in New Jersey, you must comply with our securities laws, said Acting Division of Consumer Affairs Director Cari Fais. The imposter entities and websites were aimed at reducing the chance that internet searches would reveal that NRIA Fund principals Salzano and Scutaro had previously been cited by the Federal Trade Commission (FTC) for engaging in consumer fraud as principals of a company known as NorVergence. However, the Bureau found multiple violations of the anti-fraud provisions of the New Jersey Uniform Securities Law, including employing a scheme to defraud, making untrue statements of material fact, and omitting material facts in connection with the sale of NRIA Fund securities. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Sign up for service and obituary updates. He was an avid fan of the Miami Dolphins and the New York Yankees. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Along with his mother Florence he is survived by his brother Edward Niznik and his wife Anna; a sister, who he lovingly took care of, Melissa Niznik; and his nephew and niece, Matthew & Jessica Niznik; as well as many loving aunts, uncles, and cousins. 2023 SCI SHARED RESOURCES, LLC. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. The company currently specializes in the Financial Services area. Ronin Capital's office at 350 N. Orleans St. A Chicago trading firm that was crushed at the onset of the COVID-19 pandemic has joined the crowd of tenants trying to sublease downtown office space. The number of employees ranges from 25 to 100. He is a strategic advisor to OCA Ventures. The majority owner of Ronin Capital is Zen Holdings, LLC. Since 2001, Mr. Stafford has served as Chief Executive Officer of Ronin Capital, LLC, a registered broker dealer with proprietary trading operations encompassing equity, fixed income and derivative securities. Send a note, share a story or upload a photo. It is critical that investors Check Before You Invest. Investors can obtain information, including the registration status and disciplinary history, of any financial professional doing business in or from New Jersey, by contacting the Bureau toll-free within New Jersey at 1-866-I-INVEST (1-866-446-8378) or from outside New Jersey at 973-504-3600, or by visiting the Bureaus website (http://www.njsecurities.gov/). Why Chicago's wealthy are into this little hedge fund. Church here in town. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 21. Printer Friendly View Address: 5758 W Fillmore St . The Company offers portfolio management, capital raising, financial planning, and advisory services. Assets of Chicago trading firm Ronin Capital were. Platform Investments. Ronin Capital Chooses SR Labs Low Latency Market Data Feed Handlers, CME Group announces auction of clearing firm Ronin Capital's portfolios, http://www.marketswiki.com/wiki/index.php?title=Ronin_Capital&oldid=219346, Proprietary trading operations, brokerage services. John Stafford III, the CEO of Ronin Capital, LLC. NEWARK Acting Attorney General Matthew J. Platkin announced today that the New Jersey Bureau of Securities has issued a Summary Cease and Desist Order to Secaucus-based National Realty Investment Advisors, LLC (NRIA), and related entities and individuals, after determining the company fraudulently sold at least $630 million in securities to investors in New Jersey and across the nation from 2018 to 2022. Recent filings for RONIN CAPITAL, LLC. Thomas Nicholas Salzano, of Secaucus, who was a senior independent executive advisor and portfolio manager of the NRIA Fund; Rey Grabato, of Hoboken, president of the NRIA Fund and 80 percent owner of NRIA; D. Coley OBrien, of Southampton, NY, co-CIO of the NRIA Fund and 100 percent owner of NRIA Capital Partners; and. (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. Their fraud involved selling securities in the form of membership units in a real estate investment fund known as the NRIA Fund to at least 1,800 investors across the country, including 380 investors in New Jersey. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. It may take up to 1 hour for your comment to appear on the website. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. 4-Traders.com. Ronin is trying to shed that space, adding to a fast-growing amount of available office space downtown as the coronavirus keeps its grip on the economy. 130 E. Randolph St. In addition to NRIA, the entities named in the Bureaus order are: NRIA Partners Portfolio Fund I, LLC (the NRIA Fund), NRIA Capital Partners, Inc., and NRIA Structured Credit Strategies, LLC. He also sits on the board of several companies including Clinical Micro Sensors, Inc., All Optical Networks, Inc. and sat on the board of Xencor for 18 years before resigning in 2016. It may take up to 1 hour for your comment to appear on the website. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Forbes. 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